Reserves
Central bank holdings of US debt at new high
Foreign central banks increased their holdings of U.S. debt in the last week, the Federal Reserve reported on Thursday 20 May, taking their total holdings to yet another record.
Saudi Arabia scraps euro foreign reserves policy
Saudi Arabia has abandoned its policy of diversifying foreign reserves into euros, deeming the eurozone unfit to manage a major world reserve currency.
China must be careful over forex rate- Premier Wen
China must be careful before changing its fixed exchange rate because any rash change could mean trouble for the economy and that of the rest of the world, Premier Wen Jiabao said in an interview on Wednesday 28 April.
Report says Armenia offloads its gold reserves
The Central Bank of Armenia has sold the country's gold reserves of about 1.4 tonnes, a report said quoting the Bank.
Noyer says France open to gold sale
Bank of France governor Christian Noyer said in an interview published on Wednesday 14 April that he was open to selling some of France's gold but that the receipts would not go directly to the state.
Greenspan to appear before Senate panel Apr 20
Federal Reserve Chairman Alan Greenspan is due to testify on the state of the U.S. banking industry before the Senate Banking Committee on April 20, a panel aide said on Wednesday 14 April.
France 'just thinking' about gold sales
The French finance ministry said on Tuesday 13 April that it was just thinking about using some of the country's gold for future investments or to reduce debt, after press reports said talks could begin this week with the Bank of France.
PBOC: China to make yuan fully convertible
China will make the yuan fully convertible, People's Bank of China governor Zhou Xiaochuan said.
RBNZ foreign exchange intervention principles
The Reserve Bank of New Zealand on 30 March released a letter from the Bank to the Minister of Finance outlining how it intends to undertake foreign exchange market interventions.
Foreign reserves hit record high in South Korea
South Korea's foreign currency reserves hit a record high of 163.56 billion dollars at the end of March, according to the Bank of Korea.
IMF and WB to play part in Iraqi debt settlement
Russian Finance Minister Alexey Kudrin said on Friday 2 April that the issue of Iraqi debt settlement will be solved together with the World Bank and the International Monetary Fund (IMF).
Brazil doesn't plan to renew IMF accord, Meirelles
The Brazilian government doesn't plan to renew a $14.8 billion loan accord with the International Monetary Fund that expires this year, as it is accumulating foreign reserves, central bank president Henrique Meirelles said.
BSP raises $500M from foreign banks
The Philippine central bank said on Wednesday 31 March that it has raised 500 million dollars in financing from a syndicate of eight foreign banks.
Venezuela central bank against reserves plan
Venezuela's central bank has again repeated its opposition to President Hugo Chavez's plan to deprive the bank of its autonomy and take $7 billion of international reserves to fund projects and social programs.
Japan denies scrapping yen policy
Japan's Ministry of Finance has taken the unusual step of denying a report on The Times newspaper's website that Japan's campaign to suppress the rise of the yen against the dollar had 'officially' ended.
New Zealand cb's reserves boosted
The Reserve Bank of New Zealand will receive an extra NZ$1.9 billion (US$1.2 billion) in foreign exchange "for the purpose of stabilising the foreign exchange market in a period of, or to avoid, market dysfunction," Michael Cullen, the finance minister,…
New Venezuelan law targets central bank reserves
President Hugo Chavez of Venezuela said on Sunday 28 March that his government was drafting a new law to force the country's independent central bank to release international reserves to finance government projects.
Japan says will continue currency intervention
Japan's Ministry of Finance (MOF) said on Monday 29 March that it would continue its foreign exchange intervention, brushing aside a British newspaper report that Tokyo would finish its massive intervention into the currency market.
IMF approves second Argentine loan review
The Executive Board of the International Monetary Fund (IMF) on Monday 22 March completed the second review of Argentina's performance under a three-year SDR 8.98 billion (about US$13.3 billion) Stand-By Arrangement.
Philippines set to boost reserves by US $500m
The Philippines central bank said it intends to increase its dollar reserves before the May 10 presidential election through a new 500 million US dollar borrowing.
ECB loses EUR5.6bn on forex holdings in 2003
The weakness of the dollar has hit the European Central Bank hard in 2003, forcing the bank to declare a loss, and claw back dividend payments from its national central bank shareholders.
RBI dep governor: forex reserves 'not in plenty'
India's foreign exchange reserves, at over $109 billion, are not in plenty, the RBI Deputy Governor, Ms K J Udeshi, said on Friday 19 March.
Brash unimpressed with RBNZ's plans
Former RBNZ chief Don Brash said this week that while the high value of the New Zealand dollar was hurting the economy, any attempt to intervene would be fraught with risk.
International Conference on Emerging Markets
The Centre for the Study of Emerging Markets (CSEM), Westminster Business School, London, will hold a two-day conference 11-12 June. Confirmed speakers include central bank governors from Poland, Bolivia, Latvia and Bosnia Herzegovina.